Crude oil deal: Trump says Venezuela to hand over 30–50 million barrels; proceeds under US control
President Trump announced Venezuela's interim authorities will transfer 30-50 million barrels of sanctioned oil to the US. The crude will be sold at market prices, with proceeds controlled by the US government to benefit both nations. This move aims to leverage Venezuela's oil reserves, which have accumulated due to US sanctions.
President Trump announced Venezuela's interim authorities will transfer 30-50 million barrels of sanctioned oil to the US. The crude will be sold at market prices, with proceeds controlled by the US government to benefit both nations. This move aims to leverage Venezuela's oil reserves, which have accumulated due to US sanctions.
